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Is Cabo up-and-coming hotspot for Real Estate inv & lifestyle?

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BocaFitz
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Posted: Fri Jan 26th, 2007 10:31 pm

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I have heard that Cabo is an up and coming real estate hotspot to invest and have also heard that the weather beats South Florida by far all year_?

Also what is the average-median price of a home and also Condo_?

How long do they Mex Gov allow an american to visit_?

What does it take to live in Cabo year round for a US citizen_?

Most important are there Wi-Fi hotspots and high speed internet companies like Comcast cable companies here in the states providing services like such_?

thanks...

SJDGringa
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Posted: Sat Jan 27th, 2007 04:23 am

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It is up and coming and now more so b/c there is American financing available. Before you were subject to some pretty steep interest rates, unless you wanted to pay cash via a second mortgage on your current home here.

Median price is tough to pin down. Build your own on the corridor, or get in on a brand new development and you are looking at around $100-180k for about 1500 sq ft. You can still find established homes for reasonable rates, but a lot don't have A/C and THAT is a must down there. Summer electric bills are heinous.

The Mexican tourist visa is good for 3 months typically. You can easily get extensions.To live in Cabo year-round, you need to have an FM3 and that takes a bit to get, but eveyone gets one.

There are not yet a lot of Wi-Fi hotspots, but that is on the cusp of changing.

Hope that helps. If you need further info, Google it and you will get a better idea of home prices.

Gringa

BocaFitz
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Posted: Sun Jan 28th, 2007 05:40 pm

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Thanks a bunch Gringa, thats a big help.... I guess you are an american and maybe you live there, I am considering a vaca to Cabo and maybe setting up residence there...

Thanks again, you rock........ BocaFitz

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